Highlights
• Recently Renewed Ground Lease with Approximately Five Years Remaining and 10 Percent Rent Escalations Every Five Years • Additional Rent of 4 Percent of Sales Over Break Point (Additional Rent Received in 2024 was $18,213, not Included in Advertised NOI) • 2010 Construction of 4,856 SF Building on 1.28 Acre Lot • Direct Access to US-60 with Over 22,707 VPD and James Sander Blvd with Over 15,449 VPD • Positioned Across from Kentucky Oaks Mall in Paducah’s Primary Retail Corridor that Receives Over 6.3 Million Visits Per Year
Description
Marcus & Millichap is offering for sale a Panera Bread property in Paducah, Kentucky, featuring a recently renewed ground lease with five years remaining, 10% rent increases every five years, and three additional renewal options, providing stable income and long-term upside. The site benefits from strong visibility and access near US-60 and Interstate 24, both with high daily traffic. Located in Paducah—the economic and cultural hub of Western Kentucky—the property draws consistent customer traffic from a diverse and growing trade area. Positioned in the city’s primary retail corridor, directly across from Kentucky Oaks Mall and alongside major national retailers and popular restaurants, the location supports strong cross-shopping and enhances its overall investment appeal.
Listing Details
- Cap Rate
5.18%
- Tenancy
Single
- Space Type
retail
- Sub Category
fast-food / restaurant
- Sale Type
Investment Sale
- Date Listed
4/28/2026
- Net Operating Income
$88,000
- Building FAR
0.09
Property Specifics
- Property Name
2950 James Sanders Blvd | Panera Bread Corporate
- Property Class
C
- No of Buildings
1
- No of Stories
1
- Year Built
1996
- Building Size
4,856 SF
- Lot Size
1.28 Ac
- APN
086-20-00-016.02